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An update from Belararox Ltd. ( (AU:BRX) ) is now available.
Belararox Ltd has released a transaction-specific prospectus detailing an offer of up to 18,111,108 free options to select investors who participated in a recent share placement. The options, to be quoted on the ASX, are being offered on the basis of one new option for every two shares subscribed for in the placement, with the offer restricted to investors personally invited by the company and falling within its published target market determination. The document emphasises that the options are highly speculative, outlines the regulatory framework under which the offer is made, and reminds investors that Belararox is a disclosing entity subject to continuous disclosure obligations, directing them to consider existing market disclosures and seek professional advice before investing.
The most recent analyst rating on (AU:BRX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Belararox Ltd. stock, see the AU:BRX Stock Forecast page.
More about Belararox Ltd.
Average Trading Volume: 565,148
Technical Sentiment Signal: Hold
Current Market Cap: A$25.22M
For an in-depth examination of BRX stock, go to TipRanks’ Overview page.